Yes, these are problems that are present for some other schools, but ITT Tech is far worse. For-profit schools aren't even in the same ballpark as other types of schools, in terms of the default rate.
These are businesses where the "admissions counselors" are salespeople who are told to lie to people and strongarm them into attending, taking out massive government loans and effectively stealing money from the federal government when they inevitably default.
"In 2011, 22% of student loan borrowers from ITT Tech defaulted on their federal student loans. In contrast, the average default rate for 4-year public institutions was 8.9%. For private student loan borrowers, ITT’s projected default rate is a whopping 64%. This is primarily because of the high tuition, low graduation rates, and low job placement."
These are businesses where the "admissions counselors" are salespeople who are told to lie to people and strongarm them into attending, taking out massive government loans and effectively stealing money from the federal government when they inevitably default.
"In 2011, 22% of student loan borrowers from ITT Tech defaulted on their federal student loans. In contrast, the average default rate for 4-year public institutions was 8.9%. For private student loan borrowers, ITT’s projected default rate is a whopping 64%. This is primarily because of the high tuition, low graduation rates, and low job placement."
(http://higherednotdebt.org/blog/time-itt-tech-go)